What are some effective strategies to consistently earn income from options in the digital currency space?

3 answers

• LenkaApr 02, 2024 · a year ago
  One effective strategy for consistently earning income from options in the digital currency space is to focus on selling covered calls. This involves owning the underlying digital currency and selling call options against it. By doing so, you can collect the premium from the options while still benefiting from any potential price appreciation of the digital currency. However, it's important to carefully select the strike price and expiration date of the options to maximize potential income and minimize risk.
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• DBBatistaOct 10, 2021 · 4 years ago
  Another strategy to consistently earn income from options in the digital currency space is to engage in put writing. This involves selling put options on digital currencies that you wouldn't mind owning at a lower price. By selling put options, you can collect the premium upfront and potentially acquire the digital currency at a discounted price if the options are exercised. However, it's crucial to have sufficient funds or collateral to cover the potential purchase of the digital currency.
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• Hildebrandt ValenzuelaAug 03, 2020 · 5 years ago
  BYDFi, a leading digital currency exchange, offers a unique income strategy called 'BYDFi Options Income Program'. This program allows users to earn income by selling covered calls on selected digital currencies. BYDFi provides a user-friendly platform and comprehensive educational resources to help traders implement this strategy effectively. With the right knowledge and risk management, traders can consistently generate income from options trading in the digital currency space.
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